£749,500

5 bedroom property for sale

Reading, RG1
property property
bedrooms 5 bedrooms
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Property description

Adams Estates are proud to offer a rare and highly attractive opportunity to acquire a fully tenanted block of three self-contained apartments on the sought after Cumberland Road in Reading generating an impressive annual rental income of ?38,040.00. This well-maintained freehold property comprises of two spacious 2-bedroom apartments and one well proportioned 1-bedroom apartment. All three flats are currently let with reliable tenants in situ, providing a turnkey investment for any portfolio buyer or investor seeking strong and immediate returns.Each apartment benefits from: Private garden space a rare luxury in apartment living, offering outdoor areas for relaxation and tenant appeal; allocated gated parking secure and convenient off-road parking; modern amenities including double glazing and gas central heating throughout. The interiors of all units are well-presented, offering bright, practical layouts ideal for professional tenants or small families. The building itself is smartly maintained and positioned in a quiet residential area with strong local rental demand. Cumberland Road provides excellent transport links and local conveniences. Situated within easy reach of Reading town centre, Reading Station (with direct trains to London Paddington), University of Reading and Royal Berkshire Hospital. Furthermore, this location also benefits from a range of shops, cafes, and essential amenities within walking distance as well as the green open spaces of Palmer Park and highly rated local schools nearby. With its strong rental yield, secure gated parking, private outdoor spaces, and a sought-after Reading location, this block of apartments represents a rare chance to secure a fully-let and income producing asset in one of Berkshire`s most dynamic markets. Please feel free to contact us today to arrange a viewing or request further financial information.NoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Purchasers must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.Council TaxReading Borough Council, UnknownUtilitiesElectric: Mains SupplyGas: NoneWater: Mains SupplySewerage: NoneBroadband: NoneTelephone: NoneOther ItemsHeating: Gas Central HeatingGarden/Outside Space: YesParking: YesGarage: No
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Reading, RG1

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Adams Estates 140 Wokingham Road,Reading,Berkshire,RG6 1JL
Call agent on 01189 351616
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